Purchaser agrees to use diligent efforts to obtain said approval and shall apply for the mortgage loan within business days after the Seller has accepted this. With our free Sales Agreement form, you'll be ready to print or download your contract in no time.I'm gonna break down all the terms and conditions so you can understand what it means and we're gonna fill that out so you can have a real-life example of it. The Office of the City Register records and maintains New York City real property and certain personal property transfer records, such as mortgage documents. A purchase and sale agreement is a contract between a buyer and seller for transacting a property in exchange for a specific price.